MUNX vs QQQ
AMG GW&K Muni Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | MUNX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $20M | $455.8B | |
| Dividend Yield | 1.94% | 0.41% | |
| Holdings | 69 | 108 | |
| YTD Return | +1.00% | +18.31% | |
| 1Y Return | - | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -3.0% | -83.0% | |
| Fund Family | AMG Funds | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 29, 2025 | Mar 10, 1999 |
MUNX vs QQQ Performance
AMG GW&K Muni Income ETF (MUNX) is a ETF from AMG Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, MUNX is up 1.00% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.0% for MUNX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MUNX charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, MUNX currently yields 1.94% against 0.41% for QQQ.
Holdings Overlap
MUNX and QQQ share 0 holdings out of 138 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MUNX or QQQ?
MUNX has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
What is the holdings overlap between MUNX and QQQ?
MUNX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, MUNX or QQQ?
MUNX yields 1.94% while QQQ yields 0.41%, so MUNX currently pays the higher dividend yield.
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